Initial Investment Cash flow Project A $15 million $6 million per year for four years Project B $9 million $3 million per year for five years Project C $6 million $3 million per year for four years Project D $9 million $4.5 million per year for three years An investor has a budget of $15 million He can invest in the projects shown above. If the cost of capital is 9%, what investment or investments should he make? A. Project A B. Project B C. Project B and Project C OD Project C and Project D